DOJ Investigation Underway: Coinbase Data Breach Raises Security Concerns

The U.S. Department of Justice (DOJ) is investigating a data breach at cryptocurrency exchange Coinbase, where hackers bribed support agents overseas to steal customer information. The breach has potentially impacted less than 1% of Coinbase users, according to the company. Coinbase’s Chief Legal Officer Paul Grewal confirmed the company’s cooperation with law enforcement, welcoming charges against those involved in this cybercrime. This incident highlights the vulnerability of cryptocurrency exchanges and could lead to stricter regulations within the industry.